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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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The First Bancshares, Inc. (NASDAQ:FBMS) CEO M Ray Cole, Jr. Sells 5,000 Shares

Tuesday, February 23, 2021 | MarketBeat

The First Bancshares, Inc. (NASDAQ:FBMS) CEO M Ray Cole, Jr. sold 5,000 shares of the stock in a transaction that occurred on Monday, February 22nd. The stock was sold at an average price of $33.00, for a total value of $165,000.00. Following the completion of the transaction, the chief executive officer now directly owns 77,670 shares of the company's stock, valued at $2,563,110. The sale was disclosed in a filing with the SEC, which is available through this link.

The First Bancshares stock opened at $33.14 on Tuesday. The firm's 50 day moving average price is $31.97 and its two-hundred day moving average price is $26.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.89 and a current ratio of 0.89. The First Bancshares, Inc. has a twelve month low of $15.27 and a twelve month high of $34.37. The firm has a market cap of $709.39 million, a PE ratio of 13.69 and a beta of 1.00.

The First Bancshares (NASDAQ:FBMS) last posted its earnings results on Monday, January 25th. The bank reported $0.65 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.55 by $0.10. The First Bancshares had a return on equity of 7.70% and a net margin of 23.05%. The company had revenue of $50.39 million for the quarter, compared to analyst estimates of $47.94 million. Equities analysts anticipate that The First Bancshares, Inc. will post 2.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 25th. Investors of record on Wednesday, February 10th will be paid a dividend of $0.13 per share. This is an increase from The First Bancshares's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, February 9th. This represents a $0.52 annualized dividend and a yield of 1.57%. The First Bancshares's dividend payout ratio is presently 18.64%.

Hedge funds and other institutional investors have recently modified their holdings of the business. First Trust Advisors LP boosted its position in shares of The First Bancshares by 1.8% in the first quarter. First Trust Advisors LP now owns 22,589 shares of the bank's stock valued at $698,000 after acquiring an additional 390 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in The First Bancshares by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 141,996 shares of the bank's stock valued at $4,385,000 after purchasing an additional 542 shares during the period. California Public Employees Retirement System grew its position in The First Bancshares by 2.4% in the 3rd quarter. California Public Employees Retirement System now owns 46,805 shares of the bank's stock worth $982,000 after purchasing an additional 1,100 shares during the last quarter. Aperio Group LLC increased its holdings in shares of The First Bancshares by 6.9% during the 3rd quarter. Aperio Group LLC now owns 19,885 shares of the bank's stock worth $417,000 after purchasing an additional 1,290 shares during the period. Finally, State Street Corp raised its position in shares of The First Bancshares by 0.4% during the third quarter. State Street Corp now owns 427,477 shares of the bank's stock valued at $8,964,000 after buying an additional 1,887 shares during the last quarter. 51.91% of the stock is currently owned by institutional investors.

Several equities analysts have recently issued reports on FBMS shares. DA Davidson reiterated a "buy" rating on shares of The First Bancshares in a research report on Tuesday, November 3rd. Zacks Investment Research upgraded The First Bancshares from a "sell" rating to a "buy" rating and set a $36.00 target price on the stock in a report on Monday, February 8th.

About The First Bancshares

The First Bancshares, Inc operates as the bank holding company for The First, A National Banking Association that provides general commercial and retail banking services. The company operates through three segments: Commercial/Retail Bank, Mortgage Banking Division, and Holding Company. It offers deposit services, including checking, NOW, and savings accounts; other time deposits, such as daily money market accounts and longer-term certificates of deposit; and individual retirement accounts.

Read More: Market Capitalization and Individual Investors

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


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